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Tuesday, May 13, 2025

KOREA

Google and Meta hit with huge fines for violating privacy in Korea

Google and Meta Platforms have been fined a total of 100 billion won ($72 million) for violating a privacy law. Unhappy with the decision, the...

Won’s retreat continues after surprise U.S. inflation reading

The won fell to another decade-plus low on Wednesday following a report of higher-than-expected inflation in the United States.   Korea's currency was trading at...

S. Korea, U.S. to discuss ‘concrete’ deterrence steps against N. Korea’s threats: official

South Korea and the United States will discuss "concrete" steps to sharpen deterrence against North Korea's evolving military threats during their high-level security talks...

World discovers ‘quiet quitting’ long after Korea did

"Quiet quitting," which refers to only doing assigned regular jobs and refusing to go above and beyond at work, has become a post-pandemic phenomenon...

Trade minister and USTR agree to ‘engagement channel’ on IRA

Trade Minister Ahn Duk-geun met with Katherine Tai, U.S. Trade Representative (USTR), on Wednesday in Washington to discuss the Inflation Reduction Act (IRA), which...

Shinsegae’s Better Foods to introduce its Better Meat line into U.S. market

Better Foods, a U.S. subsidiary of Shinsegae Food specializing in plant-based products, will introduce Better Meat, a line of alternative meat products including sliced...

President Yoon Suk-yeol to meet U.S. Vice President Kamala Harris in Seoul

President Yoon Suk-yeol will meet with U.S. Vice President Kamala Harris and discuss bilateral relations and other regional and global issues during her visit...

U.S. stands ready for talks with Korea on EV tax credits

The United States stands ready to engage in serious consultations with Korea on concerns over the Inflation Reduction Act (IRA) that Seoul believes would...

Won’s fall continues despite efforts to talk up the currency

The won hit another decade-plus low Tuesday as the currency was battered by persistent rate worries and as decisive action to halt the rout...

Korean, U.S., Japanese envoys to meet in Tokyo to discuss North

Special Representative for Korean Peninsula Peace and Security Affairs Kim Gunn left for Tokyo on Tuesday to meet with the American and Japanese special...